Hungary Moves Closer to Shutting Down Its Sole Nuclear Plant

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessHungary Moves Closer to Shutting Down Its Sole Nuclear PlantHungary may need to shut its sole nuclear power plant as soon as this weekend after the Danube River’s water level continued to drop, Prime Minister Peter Magyar said.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Hungary may need to shut its sole nuclear power plant as soon as this weekend after the Danube River’s water level continued to drop, Prime Minister Peter Magyar said.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountMagyar spoke after the second of four nuclear reactor blocs was taken offline on Saturday, reducing output at the Paks nuclear plant to less than a quarter of its 2,000 megawatt capacity.The sustained drought across central Europe is straining water supplies and causing a shortage of water for cooling, forcing Hungary to shut its nuclear facility for the first time 44 years. Paks accounts for 40% of the country’s electricity generation. The plan will prioritize power cuts at companies and only limit household electricity usage as a last resort, Magyar said. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againLarge industrial firms are currently paring their consumption voluntarily, but mandatory cuts will also be ordered as needed, the premier said.The government plans to halt rail freight traffic at peaks hours from Monday and is also turning off decorative lighting on state buildings. Households are being asked to limit power consumption during peak evening hours, and Budapest trams and subways will operate at reduced speed to conserve electricity. High temperatures in Hungary’s capital are expected to hit 37C or 38C (98.6-100.4F) on each of the next six days. Separately, the government ordered a halt to the watering of gardens and stadium pitches as the strain on the water system grows more acute. “Every drop of water counts,” Magyar said.Dan Jorgensen, the top European Union official for energy and housing, said Saturday on X that the EU is closely monitoring electrical supply security in Hungary, Romania and the wider Southeast European region given ongoing heat and drought conditions. There is no immediate security of supply concern, he added. This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.